Busy SEC Eases ETF Rules, Lets More Cos. 'Test The Waters'
Law360 (September 26, 2019, 6:25 PM EDT) -- The U.S. Securities and Exchange Commission said Thursday it adopted rules that would make it easier to bring most exchange-traded funds to market, while also agreeing to allow more companies to communicate with select investors before an initial public offering.
Separately, the SEC also proposed to amend certain rules that would require brokers to obtain more current information before they can publish quotations regarding securities that trade over the counter, a move intended to combat fraud and manipulation of certain thinly traded stocks.
According to its website, the SEC unanimously approved all three items, which were originally scheduled to be voted...
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